{"id":129589,"date":"2022-08-21T09:09:01","date_gmt":"2022-08-21T13:09:01","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=129589"},"modified":"2022-08-20T12:40:41","modified_gmt":"2022-08-20T16:40:41","slug":"a-cnn-article-suggests-that-lower-gas-prices-should-be-seen-as-a-tax-cut-or-as-a-pay-raise","status":"publish","type":"post","link":"https:\/\/valorguardians.com\/blog\/?p=129589","title":{"rendered":"A CNN article suggests that lower gas prices should be seen as a tax cut or as a pay raise"},"content":{"rendered":"

\"\"<\/a><\/p>\n

The CNN article, written by Chris Isidore, indicates that the next time that you are getting gas, and see the lower price, you should view it as a tax cut, or as a pay raise, of $100.00 a month. Despite CNN praising the lower gas prices now, as compared to the high earlier in the summer, gas prices are still higher than when Donald Trump left office.<\/p>\n

From the Post-Millennial:<\/b><\/span><\/p>\n

Isidore’s logic: “Since the typical US household uses about 90 gallons of gas a month, the $1.10 drop in prices equals a savings of $98.82.”<\/p>\n

CNN’s boast of Biden’s newfound $3.92 a gallon, down from an unprecedented $5.02 high in June, is still almost twice the cost of gas under the entirety of Trump’s time in office.<\/p>\n

According to Fox News and Politico, between 2017 and 2019 the national gas average moved between the historic lows of $2.23 and $2.37 per gallon while many states had average gas averages under $2.<\/p>\n

Under Joe Biden’s presidency the country has faced consistent record high inflation, unprecedented supply chain shortages, citizens laden with record breaking debt, and an economy in recession, despite attempts to redefine the word by the White House.<\/p>\n

Biden’s back-to-back $1.9 trillion American Rescue Plan and $1.2 trillion infrastructure bill helped lead the economy to the highest inflation rates seen in 40 years in America. Gas prices began to rise in 2021, along with all the other goods affected by inflation, and by December had reached a staggering 58.1 percent hike in cost compared to the year before. Inflation was soaring to record heights in America well before Putin invaded Ukraine but his military actions caused the gas prices to skyrocket even more.<\/p>\n

In March gas went from an already high $3.60 a gallon to the 14-year record setting high of $4.17 a gallon. By June gas had more than doubled since the beginning of Joe Biden’s presidency.<\/p>\n

CNN received backlash on Twitter for the article, with many noting the discrepancies in prices cited by CNN.<\/p>\n

Steve Scalise summed it up with “Let’s be clear: The national average price per gallon is $1.52 higher than when Trump left office. That’s a 64 percent INCREASE in gas prices under Biden–not a ‘cut,’ as CNN wants you to think. No one is falling for the delusional propaganda the radical left is peddling.”<\/p><\/blockquote>\n

The Post-Millennial has the article here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The CNN article, written by Chris Isidore, indicates that the next time that you are getting gas, and see the lower price, you should view it as a tax cut, or as a pay raise, of $100.00 a month. Despite CNN praising the lower gas prices now, as compared to the high earlier in the […]<\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,13],"tags":[],"class_list":["post-129589","post","type-post","status-publish","format-standard","hentry","category-media","category-society"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p4ozh1-xI9","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/129589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129589"}],"version-history":[{"count":0,"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/129589\/revisions"}],"wp:attachment":[{"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valorguardians.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}